INVITE-ONLY SCRIPT
Mean Absolute Error | Lyro RS
Mean Absolute Error | Lyro RS
Overview
This indicator is designed to evaluate price dynamics through the framework of Mean Absolute Error (MAE) while combining multiple modular techniques for adaptive market analysis. Its construction provides traders with a way to assess deviation from moving averages and identify potential shifts in valuation, momentum, and structural divergences. By integrating several unique analytical modes into a single tool, it offers flexible perspectives on price behavior without being tied to one rigid methodology.
Originality
The core concept behind this tool is the calculation of MAE relative to a chosen moving average benchmark. From this base, the script develops four distinct operational modes: Bollinger Bands, For Loop, VTrend, and StochTrend. Each module provides a different angle of interpretation. The Bollinger Bands mode replaces standard deviation with MAE-based envelopes. The For Loop mode interprets directional bias across variable lookback windows. The VTrend mode applies z-scored MAE to classify valuation and trend states. The StochTrend mode adapts stochastic oscillation techniques to MAE-based data, including divergence detection. These modules are combined with visual cues, background conditions, tables, and alert functionality to deliver structured yet versatile signals.
In terms of originality, this script departs from conventional volatility and momentum indicators by using MAE as the central metric instead of variance-based or raw-price oscillators. The modular design allows users to switch between methodologies without loading separate tools, unifying several approaches into a coherent framework. The integration of valuation thresholds, custom divergence recognition, and configurable visualization tables further extends its usefulness in practical trading situations while maintaining flexibility for different analytical preferences.
Key Features
The indicator includes a wide array of inputs for customization. Users can select the source price for calculations and choose a preferred signal mode from Bollinger Bands, For Loop, VTrend, or StochTrend. Each module has dedicated settings:
Summary
In summary, this indicator combines MAE-based analytics with four modular approaches—volatility envelopes, iterative loop strength, z-scored valuation trends, and stochastic adaptations. Its design emphasizes flexibility, visualization, and clear state reporting through color, overlays, and tables. This makes it a practical framework for traders seeking to evaluate markets from multiple perspectives using a single unified tool.
⚠️Disclaimer
This indicator is a tool for technical analysis and does not provide guaranteed results. It should be used in conjunction with other analysis methods and proper risk management practices. The creators of this indicator are not responsible for any financial decisions made based on its signals.
Overview
This indicator is designed to evaluate price dynamics through the framework of Mean Absolute Error (MAE) while combining multiple modular techniques for adaptive market analysis. Its construction provides traders with a way to assess deviation from moving averages and identify potential shifts in valuation, momentum, and structural divergences. By integrating several unique analytical modes into a single tool, it offers flexible perspectives on price behavior without being tied to one rigid methodology.
Originality
The core concept behind this tool is the calculation of MAE relative to a chosen moving average benchmark. From this base, the script develops four distinct operational modes: Bollinger Bands, For Loop, VTrend, and StochTrend. Each module provides a different angle of interpretation. The Bollinger Bands mode replaces standard deviation with MAE-based envelopes. The For Loop mode interprets directional bias across variable lookback windows. The VTrend mode applies z-scored MAE to classify valuation and trend states. The StochTrend mode adapts stochastic oscillation techniques to MAE-based data, including divergence detection. These modules are combined with visual cues, background conditions, tables, and alert functionality to deliver structured yet versatile signals.
In terms of originality, this script departs from conventional volatility and momentum indicators by using MAE as the central metric instead of variance-based or raw-price oscillators. The modular design allows users to switch between methodologies without loading separate tools, unifying several approaches into a coherent framework. The integration of valuation thresholds, custom divergence recognition, and configurable visualization tables further extends its usefulness in practical trading situations while maintaining flexibility for different analytical preferences.
Key Features
The indicator includes a wide array of inputs for customization. Users can select the source price for calculations and choose a preferred signal mode from Bollinger Bands, For Loop, VTrend, or StochTrend. Each module has dedicated settings:
- In Bollinger Bands, traders can select the moving average type, define lookback length, and adjust the multiplier that scales the MAE-based bands.
- In For Loop, users configure the moving average type, loop length, and the range of indices for iteration, as well as long and short thresholds that define directional bias.
- In VTrend, the sensitivity parameter controls the lookback for z-score calculations, while overvalued and undervalued thresholds establish valuation boundaries.
- In StochTrend, users can choose the moving average type, stochastic length, and smoothing periods for %K and %D, with signals generated through crossovers and valuation zones.
In addition, the script provides options for table overlays, table positioning, and table sizing, allowing traders to monitor module states in a consolidated display. Color palettes can be customized through predefined schemes or user-defined settings, ensuring clarity in chart visualization.
Summary
In summary, this indicator combines MAE-based analytics with four modular approaches—volatility envelopes, iterative loop strength, z-scored valuation trends, and stochastic adaptations. Its design emphasizes flexibility, visualization, and clear state reporting through color, overlays, and tables. This makes it a practical framework for traders seeking to evaluate markets from multiple perspectives using a single unified tool.
⚠️Disclaimer
This indicator is a tool for technical analysis and does not provide guaranteed results. It should be used in conjunction with other analysis methods and proper risk management practices. The creators of this indicator are not responsible for any financial decisions made based on its signals.
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情，請依照以下作者的說明操作，或直接聯絡LyroRS。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Get access with 14 day free trial: https://whop.com/lyro-rs/
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情，請依照以下作者的說明操作，或直接聯絡LyroRS。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Get access with 14 day free trial: https://whop.com/lyro-rs/
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。